research paper about the global economy

Pinelopi K. Goldberg & Tristan Reed, 2023. "Is the Global Economy Deglobalizing? If So, Why? And What Is Next?," Brookings Papers on Economic Activity, vol 2023 (1), pages 347-423. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among ...

Our baseline simulation, which sets future productivity based on each region's long-term record, predicts China and India becoming the world's largest two economies with 27.0 percent and 16.2 percent of 2100 world GDP, respectively. The respective end-of-century U.S. and Western European global GDP shares are just 12.3 percent and 11.9 percent.

In our updated projections, we identify four major themes for the global economy: Theme #1: Slower global potential growth, led by weaker population growth. Global growth has slowed from an average of 3.6% per year in the 10 years to the Global Financial Crisis, to 3.2% per year in the decade prior to the Covid pandemic

In this paper, we examine the relationship between economic globalization and growth in panel of selected OIC countries over the period 1980-2008. Furthermore, we would explore whether the growth effects of economic globalization depend on the set of complementary policies and income level of OIC countries. The paper is organized as follows.

The global economy represents the interconnected economic activity among nations, including the flow of goods, services, and capital, as well as the movement of people. International trade, international finance, foreign direct investment, geopolitics, and migration are key features of the globalized economy. This page contains a collection of ...

Working Paper 32450. DOI 10.3386/w32450. Issue Date May 2024. This paper estimates that the macroeconomic damages from climate change are six times larger than previously thought. We exploit natural variability in global temperature and rely on time-series variation. A 1°C increase in global temperature leads to a 12% decline in world GDP.

Innovation is very critical to the global economy, individual economies and regions within nations as the world seeks to emerge from the special effects of the global economic crisis, such as the global financial crisis between mid-2007 and early-2009 and the ongoing Coronavirus disease pandemic (see FDA, 2020; Hansen & Nybakk, 2018; Hardy & Sever, 2020; Sivak et al., 2011).

Yet, a literature search plays an integral role in establishing many research problems. In this paper, the approach taken to overcome this conundrum involves searching and reviewing the existing literature in the specific area of study (i.e. impacts of COVID-19 on global economy and ecosystems in the context of CE).

Running head: International Trade and Its Impact on the Global Economy 1. International Trade and Its Impact on the Global Economy. Abstract. With regard to the theories of growth, the flow of ...

Nowadays, there is a considerable body of literature exploring the causes of the global financial and economic crisis. The roots of the crisis, which erupted after the period of extensive deregulation of the banking sector pursued in line with the efficient financial market theory (see Crotty, 2009; Krugman, 2009), were neatly summarised by Martin (2011) as a shift from a 'locally originate ...

This essay describes the frailties of the hyper-globalization model and lays out two key prerequisites for the construction of a better global economic order: the prioritization of the domestic social, economic and environmental objectives to build more inclusive societies and polities; and the avoidance of global primacy by major powers.

Abstract. This paper examines the reasons for international trade and its impact to global economy. Results demonstrate the bases of international trade, what is economic growth, the relationship between international trade and economic growth and who are the winners and losers of international trade.

2 . not new. For the past decade economists have been debating the future of globalization, pointing out that since the financial crisis of 2008/09, world trade has been growing more slowly than

This paper explores th e 2021-2022 global energy crisis. The 2021-2022 energy crisis was caused. by many factors including the global campaign to reduce carbon emission, the shortage in fossil ...

e Policy Research Working Paper Series disseminates the ndings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the ndings out quickly, even if the presentations are less than fully polished. ... global economy and examines the extent of global spill-overs from changes in U.S ...

But 80% of world population will experience slower growth than in pre-COVID decade. WASHINGTON, June 11, 2024— The global economy is expected to stabilize for the first time in three years in 2024—but at a level that is weak by recent historical standards, according to the World Bank's latest Global Economic Prospects report.. Global growth is projected to hold steady at 2.6% in 2024 ...

policy responses, this paper identifies four key messages. Firstly, contrary to widely-held perceptions during the boom years before the crisis, the paper underscores that the global economy was by no means as stable as suggested, while at the same time the majority of the world's poor had benefited insufficiently from stronger economic growth.

Technology and the Global Economy. Jonathan Eaton & Samuel S. Kortum. Working Paper 32062. DOI 10.3386/w32062. Issue Date January 2024. Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as ...

This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to ...

This paper describes one of the first attempts to gauge the effect of the COVID-19 pandemic on the global trajectory of real GDP over the course of 2020 and 2021. It is also among the first efforts to distinguish between the role of domestic variables and global trade in transmitting the economic effects of COVID-19.

The economic downturn caused by the Covid-19 pandemic has brought unprecedented uncertainty to the global banking system. Banks are facing critical market challenges driven by uncertain monetary policies, deterioration in credit quality, and regulation and compliance pressures. These challenges highlight the importance of better understanding ...

Executive Summary We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of statistics—including robotics shipments, AI start-ups, and patent counts—there is evidence of a large increase in AI-related activity. We also review recent research in this area that suggests that AI and robotics have the potential to increase ...

Abstract. Rapid advancements in artificial intelligence (AI) will have a dramatic impact on the global economy. This paper provides a systematic review of the economic impact of AI, focusing on ...

Global growth is projected to stabilize at 2.6 percent this year, holding steady for the first time in three years despite flaring geopolitical tensions and high interest rates. By 2025-26, growth is expected to edge up to 2.7 percent alongside modest expansions in trade and investment, according to the Global Economic Prospects Report.. Reflecting continued inflationary pressures, central ...

The Global Gender Gap Index 2024 benchmarks the current state and evolution of gender parity across four key dimensions (Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment). It is the longest-standing index tracking the progress of numerous countries' efforts towards closing these gaps over time since its inception.

Working Paper 32180. DOI 10.3386/w32180. Issue Date March 2024. We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change ...

High-quality economic development is an inevitable requirement for promoting sustainable development. Stacks of research papers have suggested that the quality of China's economic development will make an important contribution to promoting global sustainable development. The collaborative agglomeration between manufacturing and producer services is determined by multiple factors, including ...

The boost means its economy was 25% bigger than America's in 2022, if similar items are valued at similar prices. Using market exchange rates, by contrast, China's GDP was still almost 30% ...

With a greater global economic footprint, China is working to shift the balance of payments away from the dollar, and as much as 23 percent of China's total goods trade is now in yuan.

IMFBlog is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day. The IMF, based in Washington D.C., is an organization of 190 countries, working to foster global monetary cooperation and financial stability around the world.